latest news releases from the newsroom
Pennichuck Corporation Announces Higher Full Year 2007 Earnings
MERRIMACK, N.H., March 13, 2008 (PRIME NEWSWIRE) -- Pennichuck Corporation (Nasdaq:PNNW) today announced that net income for its full year ended December 31, 2007 was $3.6 million, or $.85 per share (basic), up from $.6 million, or $.14 per share, for calendar 2006. This six-fold increase in net income was due to the combined effects of a $4.1 million increase in utility operating income, a $1.5 million reduction in net eminent domain defense spending for the full year and a $.8 million pre-tax increase in other income from the sale of cell tower leases. These positive factors much more than offset the effects in 2007 of a $.5 million reduction in allowance for funds used during construction ("AFUDC"), a $374,000 increase in interest expense, a $262,000 reduction in interest income, and increased income tax expense on the increased earnings. 2006 results also benefited from a $200,000 insurance settlement recovery.
Baxano Surgical, Inc.
TranS1 Inc. to Present At the 28th Annual Cowen and Company Health Care Conference and 11th Annual Lehman Brothers Healthcare Conference
WILMINGTON, N.C., March 13, 2008 (PRIME NEWSWIRE) -- TranS1 Inc. (Nasdaq:TSON) announced today that Richard Randall, Chief Executive Officer, is scheduled to present at the 28th Annual Cowen and Company Health Care Conference in Boston, MA on Monday, March 17, 2008 at 4:45PM. Additionally, Mr. Randall is scheduled to present at the 11th Annual Lehman Brothers Healthcare Conference in Miami, FL on Wednesday, March 19, 2008 at 9:30AM. Mr. Randall will provide an overview of the Company and an update on its proprietary minimally invasive surgical approach to treat degenerative disc disease affecting the lower lumbar region of the spine.